RE: Why the proposal of leveraging the Steem Blockchain with Social Media Tokens is MASSIVE news..!! Effectively becoming a "Gold Backed Standard for Social Media"...!!"

[slavix]

SMTs will not be "backed" by Steem. This would imply that Steem is held in reserve to "back" an SMT. This is not the case.
They will be running on the same blockchain, but have completly independent economy.